Renaissance Capital logo

Tech SPAC Tailwind International Acquisition files for a $250 million IPO

January 29, 2021

Tailwind International Acquisition, a blank check company formed by VCs and consumer/tech execs targeting international technology, filed on Friday with the SEC to raise up to $250 million in an initial public offering.

The New York, NY-based company plans to raise $250 million by offering 25 million units at $10. Each unit consists of one share of common stock and one-third of a warrant, exercisable at $11.50. At the proposed deal size, Tailwind International Acquisition would command a market value of $313 million.

The company is led by CEO and Director Pierre Denis, who currently serves as Senior Advisor to Coty and previously was the CEO of Jimmy Choo Group; President and Director Nathalie Gaveau, who currently serves as Senior Advisor of BCG Digital Ventures, where she previously served as Managing Director and Partner; and Chairman Tommy Stadlen, co-founder of Giant Ventures and a Venture Partner at firstminute Capital. The company was formed by Stadlen along with Director Alan Sheriff, the co-founder and former co-CEO of Solebury Capital; Philip Krim, the co-founder and CEO of Casper (CSPR); and Jeff Stibel, a Founding Partner of Stibel & Co. and Bryant Stibel.

Tailwind International Acquisition plans to target international consumer internet and other high-growth technology companies in international markets, with a focus on the European market. Tailwind Acquisition (TWND.U), a SPAC also affiliated with Krim, raised $300 million in September 2020.

Tailwind International Acquisition was founded in 2020 and plans to list on the NYSE. It has not selected a symbol yet (RC ticker: TWIA.RC). The company filed confidentially on January 13, 2021. Jefferies is the sole bookrunner on the deal.